Zoho will utilize blockchain technology and artificial intelligence to improve cost, privacy, and security for its app users, stressing this is one way to "lower the friction" in the tech industry.
Dr. Wright was at the Enterprise Utility Blockchain Summit, where he gave a keynote address, and as he told CoinGeek, India is critical to his vision for Bitcoin.
Other information sought by the CBIC includes the transaction fees charged by exchanges and details of other services rendered, like NFTs and lending services.
India will lead the G20 for a year and other issues it will tackle include food security, climate financing, multilateral reforms, and disaster risk reduction.
The Reserve Bank of India expects the digital rupee would “pre-empt the need for settlement guarantee infrastructure or for collateral to mitigate risk.”
Union Minister of Textiles, Commerce and Industry Piyush Goyal said using "blockchain technology for enhancing the traceability of cotton from Farm to Foreign is under consideration."
India should engage with policymakers and offer certification programs to deepen its Web3 talent pool and avoid the exodus of developers due to stringent regulations, according to NASSCOM.
The world is facing a manpower crunch of developers knowledgeable in the blockchain space, with India working to address the issue by offering educational courses on the nascent technology.
Following crackdowns, Interpol forms a specialized unit comprising members from the international community, which it says is key to curbing crimes in the digital asset space.
India recognizes the benefits of the digital asset sector but says a tech-driven framework needs to be crafted to ensure that technology in the industry will not be misused.
Punjab Chief Minister Chaudhry Parvez Elahi inaugurated a 22-member committee to explore the opportunities available in the digital assets ecosystem.